NEW DELHI: The government is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter. This could mean more…
Creditors of failed manufacturing companies Ballarat Windows and Doors and Lontana have been advised they are likely to be left high and dry, with the companies owing more than $1.7 million. Ballarat Windows and Doors and associated company Lontana both went bust in 2017. Ballarat Windows and Doors sold its business and assets to…
industry > News Rolling Stone Australia’s February Cover Jan 27th 2018 | 9:44am | Staff Writer Tweet The future of Rolling Stone Australia has become clouded with the announcement that the local publishers of the iconic magazine have gone into liquidation. As reported by Mumbrella, the company holding the Australian rights, Paper Riot, was placed…
Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesn’t expect Litarion’s insolvency will affect the parent company’s ability to fulfil current and future customer…
A bloody public brawl between two brothers witnessed by residents in Yuen Long this week was the culmination of months of resentment sparked by claims the younger siblings girlfriend was born in the wrong year, the pairs mother said today. The brothers surnamed Wong and identified by local media yesterday as 32-year-old Ah Keung and 20-year-old Ah Kit fought at the Long Ping…
The number of corporate insolvencies edged up last year as businesses battled against headwinds including rising costs and shaky consumer confidence. Underlying corporate failures in England and Wales rose by 2.5 per cent in 2017 compared with the previous year, figures from the Insolvency Service show. This was after the impact of a series of…
Borrowing & debt Personal debt rises to £1.6tn as record number of households turn to bankruptcy deals At least 70% of UKs population are broke, says a study. Photograph: Adam Gault/Getty Images The number of people who went brankrupt in 2017 soared to the highest level since the aftermath of the financial crisis, according to…
TORONTO Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesnt expect Litarions insolvency will affect the parent companys ability to fulfil current and future…
TORONTO Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesn’t expect Litarion’s insolvency will affect the parent company’s ability to fulfil current and future customer orders…
Experts have warned that the retail industry is on high alert following the release of 2017 insolvency figures, which revealed rising liquidation rates. According to The Insolvency Service, 17,243 companies entered insolvency in 2017, rising 4.2 per cent year-on-year. This was driven by an 8.3 per cent rise in creditors voluntary liquidations (CLVs) in which…